The #hindenbergreport continues to wrack #adanigroup. Both #Vanguard and #Blackrock have large exposure to the plummeting prices and remain tight lipped about their immediate moves.

With such explosive allegations levelled against #adani (and weakly rebutted) the onus is well and truly on the conglomerate to make market disclosures to settle the horses. Failure to do so makes all their hot air transparent. At the very least, they were exorbitantly over priced when #hindenberg's report dropped only 2 weeks ago. The inter-company loans particularly stink and politicians in India are mobilising against the company, although the social approbium has a long way to run in its native land. Guatam Adani has powerful friends, including the #QLD #ALP. The fish rots from the head down.

https://www.thestreet.com/technology/two-wall-street-powerhouses-hit-by-the-fall-of-billionaire-adanis-empire

If Adani sinks, he is going to take a whole lot of people down with him. Unbelievable shit going on. I hope national & foreign business journalists keep up this reporting on Adani & keep the pressure & scrutiny up. #hindenbergreport #adaniscam https://www.forbes.com/sites/johnhyatt/2023/02/01/theres-evidence-that-the-adani-group-likely-bought-into-its-own-25-billion-share-sale/?sh=659b5d364017&utm_source=instagram&utm_medium=social&utm_campaign=forbes